Form 8.3 BRITISH LAND COMPANY PLC, THE

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR

MORE

Rule 8.3 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Full name of discloser:

Barclays PLC.

(b)

Owner or controller of interest and short

positions disclosed, if different from 1(a):

(c)

Name of offeror/offeree in relation to whose

BRITISH LAND COMPANY PLC, THE

relevant securities this form relates:

(d)

If an exempt fund manager connected with an

offeror/offeree, state this and specify identity of

offeror/offeree:

(e)

Date position held/dealing undertaken:

25 Feb 2026

(f)

In addition to the company in 1(c) above, is the discloser making

YES:

disclosures in respect of any other party to the offer?

LIFE SCIENCE REIT PLC

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a)

Interests and short positions in the relevant securities of the offeror or offeree

to which the disclosure relates following the dealing(if any)

Class of relevant security:

25p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

9,407,680

0.94%

6,755,637

0.68%

(2)

Cash-settled derivatives:

6,679,935

0.67%

4,542,743

0.45%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

16,087,615

1.61%

11,298,380

1.13%

(b)

Rights to subscribe for new securities (including directors and other executive

options)

Class of relevant security in relation to

which subscription right exists

Details, including nature of the rights

concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

(a)

Purchases and sales

Class of relevant

Purchase/sale

Number of

Price per unit

security

securities

25p ordinary

Purchase

297,597

4.1237 GBP

25p ordinary

Purchase

213,908

4.1214 GBP

25p ordinary

Purchase

107,317

4.1260 GBP

25p ordinary

Purchase

106,004

4.1251 GBP

25p ordinary

Purchase

86,813

4.1135 GBP

25p ordinary

Purchase

26,389

4.1107 GBP

25p ordinary

Purchase

23,684

4.1234 GBP

25p ordinary

Purchase

15,836

4.1127 GBP

25p ordinary

Purchase

10,542

4.1290 GBP

25p ordinary

Purchase

9,376

4.1152 GBP

25p ordinary

Purchase

9,137

4.1119 GBP

25p ordinary

Purchase

6,494

4.1177 GBP

25p ordinary

Purchase

5,870

4.1198 GBP

25p ordinary

Purchase

5,751

4.1151 GBP

25p ordinary

Purchase

5,311

4.1117 GBP

25p ordinary

Purchase

5,080

4.1040 GBP

25p ordinary

Purchase

3,667

4.1091 GBP

25p ordinary

Purchase

3,165

4.1130 GBP

25p ordinary

Purchase

2,865

4.1218 GBP

25p ordinary

Purchase

2,861

4.1120 GBP

25p ordinary

Purchase

2,829

4.1100 GBP

25p ordinary

Purchase

2,531

4.1241 GBP

25p ordinary

Purchase

2,370

4.1220 GBP

25p ordinary

Purchase

2,336

4.1240 GBP

25p ordinary

Purchase

2,300

4.1200 GBP

25p ordinary

Purchase

2,200

4.1178 GBP

25p ordinary

Purchase

2,129

4.1229 GBP

25p ordinary

Purchase

2,035

4.1041 GBP

25p ordinary

Purchase

1,868

4.1253 GBP

25p ordinary

Purchase

1,487

4.1149 GBP

25p ordinary

Purchase

1,434

4.1304 GBP

25p ordinary

Purchase

1,390

4.1280 GBP

25p ordinary

Purchase

1,375

4.1018 GBP

25p ordinary

Purchase

1,214

4.1020 GBP

25p ordinary

Purchase

1,105

4.1140 GBP

25p ordinary

Purchase

977

4.1190 GBP

25p ordinary

Purchase

935

4.1160 GBP

25p ordinary

Purchase

787

4.1400 GBP

25p ordinary

Purchase

391

4.1180 GBP

25p ordinary

Purchase

370

4.1000 GBP

25p ordinary

Purchase

341

4.0980 GBP

25p ordinary

Purchase

178

4.0960 GBP

25p ordinary

Purchase

61

4.0920 GBP

25p ordinary

Purchase

61

4.1221 GBP

25p ordinary

Purchase

53

4.0720 GBP

25p ordinary

Sale

133,057

4.1259 GBP

25p ordinary

Sale

93,215

4.1260 GBP

25p ordinary

Sale

37,306

4.1268 GBP

25p ordinary

Sale

27,414

4.1228 GBP

25p ordinary

Sale

26,107

4.1111 GBP

25p ordinary

Sale

16,601

4.1110 GBP

25p ordinary

Sale

13,174

4.1119 GBP

25p ordinary

Sale

12,000

4.1201 GBP

25p ordinary

Sale

10,488

4.1126 GBP

25p ordinary

Sale

9,796

4.1134 GBP

25p ordinary

Sale

8,210

4.1070 GBP

25p ordinary

Sale

7,050

4.1151 GBP

25p ordinary

Sale

5,436

4.1107 GBP

25p ordinary

Sale

5,302

4.1135 GBP

25p ordinary

Sale

4,091

4.1169 GBP

25p ordinary

Sale

3,254

4.1120 GBP

25p ordinary

Sale

3,159

4.1113 GBP

25p ordinary

Sale

2,763

4.1099 GBP

25p ordinary

Sale

2,300

4.1200 GBP

25p ordinary

Sale

2,296

4.1240 GBP

25p ordinary

Sale

2,223

4.1220 GBP

25p ordinary

Sale

2,084

4.1100 GBP

25p ordinary

Sale

1,980

4.1040 GBP

25p ordinary

Sale

1,959

4.1046 GBP

25p ordinary

Sale

1,604

4.1034 GBP

25p ordinary

Sale

1,390

4.1280 GBP

25p ordinary

Sale

1,214

4.1020 GBP

25p ordinary

Sale

1,200

4.1036 GBP

25p ordinary

Sale

1,198

4.1180 GBP

25p ordinary

Sale

1,105

4.1140 GBP

25p ordinary

Sale

1,046

4.1000 GBP

25p ordinary

Sale

822

4.1050 GBP

25p ordinary

Sale

722

4.1160 GBP

25p ordinary

Sale

698

4.1029 GBP

25p ordinary

Sale

565

4.1219 GBP

25p ordinary

Sale

370

4.1001 GBP

25p ordinary

Sale

341

4.0980 GBP

25p ordinary

Sale

199

4.1158 GBP

25p ordinary

Sale

194

4.1190 GBP

25p ordinary

Sale

178

4.0960 GBP

25p ordinary

Sale

62

4.0920 GBP

25p ordinary

Sale

53

4.0720 GBP

25p ordinary

Sale

4

4.1025 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

25p ordinary

SWAP

Increasing Long

1

4.0920 GBP

25p ordinary

SWAP

Increasing Long

55

4.0987 GBP

25p ordinary

SWAP

Increasing Long

146

4.0990 GBP

25p ordinary

SWAP

Increasing Long

698

4.1029 GBP

25p ordinary

SWAP

Increasing Long

4

4.1031 GBP

25p ordinary

SWAP

Increasing Long

1,200

4.1036 GBP

25p ordinary

SWAP

Increasing Long

1,959

4.1046 GBP

25p ordinary

SWAP

Increasing Long

566

4.1110 GBP

25p ordinary

SWAP

Increasing Long

26,207

4.1111 GBP

25p ordinary

SWAP

Increasing Long

3,159

4.1112 GBP

25p ordinary

SWAP

Increasing Long

1,053

4.1120 GBP

25p ordinary

SWAP

Increasing Long

5,302

4.1135 GBP

25p ordinary

SWAP

Increasing Long

156

4.1152 GBP

25p ordinary

SWAP

Increasing Long

58

4.1158 GBP

25p ordinary

SWAP

Increasing Long

707

4.1169 GBP

25p ordinary

SWAP

Increasing Long

409

4.1185 GBP

25p ordinary

SWAP

Increasing Long

27,414

4.1228 GBP

25p ordinary

SWAP

Increasing Long

109

4.1233 GBP

25p ordinary

SWAP

Increasing Long

18,921

4.1251 GBP

25p ordinary

SWAP

Increasing Long

3,318

4.1253 GBP

25p ordinary

SWAP

Increasing Long

7,256

4.1260 GBP

25p ordinary

SWAP

Decreasing Long

38,046

4.1096 GBP

25p ordinary

SWAP

Decreasing Long

26,389

4.1107 GBP

25p ordinary

SWAP

Decreasing Long

25,570

4.1111 GBP

25p ordinary

SWAP

Decreasing Long

90

4.1123 GBP

25p ordinary

SWAP

Decreasing Long

3,165

4.1130 GBP

25p ordinary

SWAP

Decreasing Long

5,476

4.1139 GBP

25p ordinary

SWAP

Decreasing Long

16,893

4.1146 GBP

25p ordinary

SWAP

Decreasing Long

9,376

4.1152 GBP

25p ordinary

SWAP

Decreasing Long

48,767

4.1164 GBP

25p ordinary

SWAP

Decreasing Long

14,917

4.1186 GBP

25p ordinary

SWAP

Decreasing Long

783

4.1190 GBP

25p ordinary

SWAP

Decreasing Long

90

4.1203 GBP

25p ordinary

SWAP

Decreasing Long

147

4.1220 GBP

25p ordinary

SWAP

Decreasing Long

61

4.1221 GBP

25p ordinary

SWAP

Decreasing Long

23,684

4.1234 GBP

25p ordinary

SWAP

Decreasing Long

9,280

4.1257 GBP

25p ordinary

SWAP

Decreasing Long

311

4.1260 GBP

25p ordinary

SWAP

Decreasing Long

234,687

4.1262 GBP

25p ordinary

SWAP

Decreasing Long

10,542

4.1290 GBP

25p ordinary

CFD

Increasing Long

2,312

4.1108 GBP

25p ordinary

CFD

Increasing Long

16,035

4.1110 GBP

25p ordinary

CFD

Increasing Long

398

4.1176 GBP

25p ordinary

CFD

Increasing Long

21,097

4.1258 GBP

25p ordinary

CFD

Increasing Long

232

4.1259 GBP

25p ordinary

CFD

Increasing Long

821

4.1260 GBP

25p ordinary

CFD

Increasing Long

3

4.1266 GBP

25p ordinary

CFD

Decreasing Long

3,312

4.1151 GBP

25p ordinary

CFD

Decreasing Long

802

4.1162 GBP

25p ordinary

CFD

Decreasing Long

13,779

4.1259 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

date

money

relevant

selling,

securities

per unit

paid/

security

varying etc

to which

received

option

per unit

relates

(ii)

Exercise

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

securities

unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings arrangements

Details of any indemnity or option arrangement, or any agreement or understanding,

formal or informal, relating to relevant securities which may be an inducement to deal

or refrain from dealing entered into by the exempt principal trader making the disclosure and any party

to the offer or any person acting in concert with a party to the offer:

NONE

(b)

Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between

the person making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights of future acquisition or disposal of any relevant securities to which

any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

26 Feb 2026

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213